The Coalition has released a discussion paper on foreign investment in agricultural land and agribusiness.

Opposition Leader Tony Abbott said “the Coalition unambiguously welcomes and supports foreign investment”. However, “there is scope to improve Australia’s foreign investment regime when it comes to investment in agricultural land and agricultural business”.

The paper was released by Abbott, Nationals leader Warren Truss and Shadow Treasurer Joe Hockey in Sydney today.

The paper is titled: “Foreign Investment In Australian Agricultural Land And Agribusiness”. Shadow Treasurer Joe Hockey has been put in charge of managing a “Discussion Paper process”. Submissions to the process are open until October 31, 2012.